Tax Law News. Crime Stories, Law on News and Legal Publications in November, 2011

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American Airlines Files Chapter 11 Bankruptcy
Consumer AffairsNovember 29, 2011

AMR Inc., the parent company of American Airlines and American Eagle, has filed for Chapter 11 Bankruptcy protection, a move the company says will enable it to achieve “industry competitiveness." What does it mean for consumers? Not much at this point, ...more »

Herman Cain has been sexually harassing me for years!
Canada Free PressNovember 30, 2011

I suspect there are a whole lot of others just like me who have been sexually harassed by Herman Cain for years or maybe even decades. I hope they, like me and all those women, will come forward and put an end to Herman Cain's relentless serial sexual ...more »

Tax Law News and Stories

Audit Defence
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Mohney Sues Henkel Over Rejected Appraisals of Erotic Collection
AVN News (press release)November 8, 2011

“The tax deduction of $5.7 million in 2005 and $4.2 million in 2006 [is] neither reasonable nor substantiated,” said the IRS in its audit report. The appraisal(s) did not accurately identify or value the property said to have been donated. ...more »

Irs Filing & Compliance
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IRS Faulted on Fuel Credit Card Usage
Accounting TodayNovember 2, 2011

The Citibank credit cards, known as “fleet cards,” are used by employees to buy gas and make minor repairs on government-leased vehicles. In a new government report, the Treasury Inspector General for Tax Administration assessed the SB/SE Division's ...more »

Business Audit Defence
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Audit: Montebello paid $2.5 million to contractor at center of FBI ...
San Gabriel Valley TribuneNovember 2, 2011

In response to Chiang's audit, Montebello city staff contended that a competitive bidding process for AAE would have violated state law. According to the city, AAE's contract predates the 2008 city ordinance on competitive bidding - even though the ...more »

Personal Irs Disputes
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Baba Jamal Exposed: 'Mills Has No First Class'
Modern GhanaNovember 7, 2011

'Prof Mills had his doctorate degree at the age of 27 years; he taught law for 25 years and was the boss of the Internal Revenue Service (IRS) for 10 years, while Nana Addo was just a lawyer,' the deputy Information Minister said. ...more »

Property Taxes
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Towns selling liens for unpaid property taxes
Worcester TelegramNovember 5, 2011

But they bring an infusion of cash owed the town and take the treasurer-collector's office out of the expensive and time-consuming debt-collection business. Under state law, lien holders are owed interest of 16 percent a year, an attractive rate, ...more »

Corporate Income Taxes
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Oregon opposes state collection of income tax
Press Publications Inc.November 3, 2011

Councilman Sandy Bihn asked City Law Director Paul Goldberg if the state could overrule home rule and collect municipal income tax. “The position of the state would be that this is a matter of state-wide concern over which the Legislature may rule. ...more »

Sales Tax & Use Tax
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Committee makes final push on tax issue
Paragould Daily PressNovember 1, 2011

Early voting for the tax to fund the projects starts at the Greene County Courthouse today. There are two issues on the ballot related to the jail. One is the adoption of a .375 percent sales and use tax to fund maintenance and operation of the county ...more »

Estate Taxes & Gift Taxes
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Vern Krishna: Flat tax promises are impossible to implement
Financial PostNovember 2, 2011

Today, our tax law is more than 4000 pages. Globalization and capital mobility changed the economic model and the tax system along with it. As the financial debacles of 2008 and, more recently, of August 2011 illustrate, capital can move across ...more »

Tax Evasion Defence
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Ai Weiwei: Thousands give to artist fined by China
San Francisco ChronicleNovember 7, 2011

One of China's best-known artists and a voluble government critic, Ai was detained in April and held for 81 days at an undisclosed location, ostensibly on tax evasion charges, according to the state media. Ai, however, insists his prosecution is ...more »

International Taxation
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Health Insurers Predict They Will Pass On Health Law's New Tax To Consumers
Kaiser Health NewsNovember 4, 2011

In its continuing effort to get rid of the health overhaul law's annual fee on insurers, America's Health Insurance Plans late Wednesday released an analysis the trade group commissioned that says that in 2014 premiums would increase by 1.9 percent to ...more »

Tax Planning
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Perspecta Trust Hits Milestone
EON: Enhanced Online News (press release)November 3, 2011

Regarding the Company's progress, Scott Baker, Perspecta's Principal said, “We are seeing significant interest from high net worth families wanting to create a wealth transfer strategy in light of the current favorable federal tax treatment of gifts. ...more »

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